Financial Snapshot

Revenue
$148.4M
TTM
Gross Margin
20.88%
TTM
Net Earnings
-$18.99M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
112.6%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$30.71M
Q3 2024
Cash
Q3 2024
P/E
-17.18
Nov 29, 2024 EST
Free Cash Flow
-$4.435M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021
Revenue $151.9M $115.6M $88.10M $63.41M
YoY Change 31.4% 31.23% 38.92%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021
Revenue $151.9M $115.6M $88.10M $63.41M
Cost Of Revenue $122.1M $94.53M $74.79M $53.00M
Gross Profit $29.78M $21.08M $13.31M $10.42M
Gross Profit Margin 19.61% 18.23% 15.1% 16.42%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021
Selling, General & Admin $43.68M $25.64M $14.29M $6.772M
YoY Change 70.31% 79.4% 111.07%
% of Gross Profit 146.65% 121.68% 107.43% 65.02%
Research & Development $779.2K $146.1K
YoY Change 433.14%
% of Gross Profit 2.62% 0.69%
Depreciation & Amortization $479.1K $46.66K $10.40K $3.640K
YoY Change 926.72% 348.65% 185.71%
% of Gross Profit 1.61% 0.22% 0.08% 0.03%
Operating Expenses $43.68M $25.64M $14.29M $6.772M
YoY Change 70.31% 79.4% 111.07%
Operating Profit -$13.89M -$4.569M -$988.7K $3.643M
YoY Change 204.09% 362.15% -127.14%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021
Interest Expense $279.7K -$129.0K $63.22K -$87.04K
YoY Change -316.81% -304.08% -172.63%
% of Operating Profit -2.39%
Other Income/Expense, Net $408.4K -$284.2K $122.4K $67.27K
YoY Change -243.71% -332.18% 81.94%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021
Pretax Income -$13.49M -$4.853M -$803.1K $3.624M
YoY Change 177.87% 504.35% -122.16%
Income Tax $1.282M $1.245M $1.071M $685.8K
% Of Pretax Income 18.93%
Net Earnings -$14.77M -$6.099M -$1.874M $2.938M
YoY Change 142.15% 225.41% -163.79%
Net Earnings / Revenue -9.72% -5.28% -2.13% 4.63%
Basic Earnings Per Share -$0.27 -$0.12 -$0.04
Diluted Earnings Per Share -$0.27 -$0.12 -$0.03 $0.05

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021
Cash & Short-Term Investments $35.07M $49.43M $74.48M $85.25M
YoY Change -29.05% -33.63% -12.63%
Cash & Equivalents
Short-Term Investments $0.00 $9.134M
Other Short-Term Assets $1.400M $3.251M $65.08K $775.1K
YoY Change -56.93% 4895.42% -91.6%
Inventory $6.365M $7.472M $14.58M $3.055M
Prepaid Expenses
Receivables $59.73M $24.53M $8.261M $4.305M
Other Receivables $0.00 $127.6K $2.062M $36.22K
Total Short-Term Assets $102.6M $84.81M $99.45M $93.42M
YoY Change 20.94% -14.72% 6.45%
Property, Plant & Equipment $6.162M $5.150M $409.8K $443.5K
YoY Change 19.65% 1156.56% -7.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $12.25M $0.00
YoY Change
Other Assets $284.1K $732.3K $876.1K $0.00
YoY Change -61.21% -16.41%
Total Long-Term Assets $20.07M $5.882M $1.286M $443.5K
YoY Change 241.19% 357.42% 189.96%
Total Assets $122.6M $90.69M $100.7M $93.86M
YoY Change
Accounts Payable $70.83M $52.97M $42.27M $33.39M
YoY Change 33.7% 25.31% 26.61%
Accrued Expenses $12.95M $1.078M $425.6K $284.1K
YoY Change 1101.29% 153.21% 49.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $85.99M $55.96M $88.97M $79.84M
YoY Change 53.66% -37.1% 11.44%
Long-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.194M $3.356M $0.00 $270.1K
YoY Change -34.63% -100.0%
Total Long-Term Liabilities $2.194M $3.356M $0.00 $270.1K
YoY Change -34.63% -100.0%
Total Liabilities $88.18M $59.32M $88.97M $80.11M
YoY Change 48.66% -33.33% 11.06%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021
Basic Shares Outstanding 54.81M shares 50.73M shares 50.00M shares
Diluted Shares Outstanding 54.81M shares 50.73M shares 50.00M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $326.28 Million

About Ispire Technology Inc.

Ispire Technology, Inc. engages in the research and development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products. The company is headquartered in Los Angeles, California and currently employs 98 full-time employees. The company went IPO on 2023-04-04. The firm's cannabis products are vaping hardware. Its sells its products in the United States, Canada, Germany, and South Africa. Its cannabis products are marketed under the brand name Ispire. Its tobacco products are marketed under the Aspire brand name. Its products are vapor devices, that includes closed-system vaping devices (non-cigarlike), vaping components, and open-system vaping devices. Its products use the Company's bottom dual coil (BDC) technology, which uses bottom dual coils to provide much higher temperature and expanded heating that achieves much greater flavor and vapor production. Ispire cannabis vapor products use the Company’s patented Ducore (Dual Coil) technology for cannabis vaporizers. This technology enables users to create massive plumes of vaping without burning cannabis oil.

Industry: Cigarettes Peers: 22nd Century Group, Inc. PYXUS INTERNATIONAL, INC. ALTRIA GROUP, INC. Charlie's Holdings, Inc. VECTOR GROUP LTD Healthier Choices Management Corp. Turning Point Brands, Inc. Philip Morris International Inc. UNIVERSAL CORP /VA/